Relationship between QA and CA Quick assets are those current assets that can be easily converted into cash, such as cash, marketable securities, and accounts receivables. Current liabilities, on the other hand, are those obligations that are due within one year. Such as accounts payable, short-term loans, and accrued expenses. The relationship between quick assets… Read More »
Signs you need a bookkeeper Signs you need a bookkeeper,A bookkeeper is typically need in the following situations: Small business owners: Small business owners often require the services of a bookkeeper to manage their day-to-day financial transactions, including recording income and expenses, reconciling bank statements, and maintaining accurate financial records. Growing businesses: As a… Read More »
Sole proprietorship vs OPC Here are the notable distinctions between an OPC (One Person Company) and a sole proprietorship: Legal Structure: OPC: An OPC is a legally recognized entity that is registered under the Companies Act. An OPC (One Person Company) is recognized as an independent legal entity distinct from its owner. Sole Proprietorship: A… Read More »
How will E-invoices help businesses to accurately file their GST compliance E-invoices can help businesses accurately file their GST (Goods and Services Tax) compliance in several ways: 1. Automation of invoice generation: E-invoicing systems automate the process of invoice generation, which can reduce the likelihood of errors or discrepancies in the invoice. The system… Read More »
Benefits of registering a Trademark Benefits of registering a Trademark, Registering a trademark can provide several benefits to a business or an individual, including: 1.Legal protection: Registering a trademark gives legal protection to the brand or product name, logo, or slogan. It helps prevent others from using a similar or identical mark, which can… Read More »
When Mudra Yojana Was Launched The Mudra Yojana, officially known as the Micro Units Development & Refinance Agency Yojana, is a significant initiative by the Government of India aimed at empowering small businesses and entrepreneurs. Launched on April 8, 2015, the scheme was introduced by Prime Minister Narendra Modi as part of the government’s broader… Read More »
Can I run multiple businesses on a single GST as a sole proprietor Yes, as a sole proprietor, you can run multiple businesses on a single GST registration. However, you would need to mention the details of all your businesses while applying for GST registration, including their names, addresses, and types of goods or services… Read More »
Internal liabilities Internal liabilities, also known as intra-company liabilities or intercompany liabilities, refer to the debts or obligations that exist between different entities or divisions within the same company or group of companies. These liabilities arise due to financial transactions or arrangements between various internal entities. Internal liabilities can take several forms, including: Intercompany… Read More »
Double-entry bookkeeping Double-entry bookkeeping is a method of recording financial transactions that involves recording both the debit and credit aspects of each transaction in separate accounts. For every debit recorded, there must be a corresponding credit of equal value, ensuring that the books always balance. It is important to accountants and auditors because it provides… Read More »
Capital structure Capital structure refers to the composition of a company’s sources of funds, including debt, equity, and other forms of financing. It represents the way a company finances its operations, growth, and investments. The way a company finances its operations, known as its capital, is crucial as it affects the company’s financial performance, level… Read More »
